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Citigroup and Wells Fargo are both out with third-quarter numbers. But looking more closely at the results, Citigroup's results look more like a bloodbath. [Zero Hedge]Over the weekend, Barron's said U.S. bank stocks are rebounding and investors have the rare opportunity to buy banks on the cheap. Unfortunately, the story comes off more as paid-for advertising than serious discussion. [Barron's]Credit card issuers, including Citigroup, will tell investors more about credit trends in September. Already, Capital One(COF) has said credit card delinquencies rose last month while charge-offs declined. [Wall Street Journal]In other believe-it-or-not bank news, Deutsche Bank's(DB) exposure to Las Vegas casinos is nearly as much as that to the PIIGS countries most affected by the Eurozone debt crisis. [Financial Times]Quote of the Day"This mismatch between what is covered and what is actually useful is the central flaw in Medicare today, a shock to families who have no clue, until they're smack in the middle of it, about how this system works," writes Jane Gross on how Medicare fails the elderly, the most-emailed story of the day. [New York Times]Company NewsKinder Morgan's(KMP) $21.1-billion purchase of El Paso(EP) is a big deal for natural gas, but it turns out Barclays(BCS) is actually the big winner. [Bloomberg]Perhaps the $20 billion bet will pay off: Sprint Nextel(S) says sales of the Apple(AAPL) iPhone 4S beat expectations, breaking the company's one-day sales record. [Reuters]In this week's installment of How the RIM Turns, Research In Motion(RIMM) is pinning its hopes of survival on a new operating system. [New York Times]Shanda Interactive's(SNDA) CEO has proposed a buyout of the Chinese entertainment company for $41.35 per American Depositary share. [TechCrunch]MarketsFix Europe's sovereign debt crisis in a week? No problem, they're on it! [Bloomberg]One solution from -- who else? -- German politicians: New treaties![Spiegel]Your all-encompassing schedule of economic data releases for this week. [Calculated Risk]Investment StrategyInvestors have heard for so long that large-cap U.S. stocks are the place for safety. Turns out that's been a smart bet. [MarketWatch]Forward P/E ratios are the most useful sentiment gauge. [A Dash of Insight, scroll down]Why natural gas is a loser's bet. [Peter L. Brandt]Odds and EndsA useful pie chart of U.S. debt accumulation by president. Contrary to popular belief, Obama isn't tops. [The Big Picture]Earnings season is exciting for investors, but it can be misery for financial journalists. Here's the theme song for how we feel this week. [YouTube].>To follow Robert Holmes on Twitter, go to http://twitter.com/RobTheStreet.>To submit a news tip, send an email to: tips@thestreet.com.
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